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NDOL- BUY OUT OFFER - going insane - 10% open market purchase of stock PR
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[QUOTE]Originally posted by weatherbill: [QB] Presently, Nord is in buy out negotiations....PR won't be till next week on that.....got an email from Mr Parkin hinting that. Standard buy out prices for small oil companies are anywhere from $3-$15 per barrel. let's stick with the going rates and not think up some pipe dream. Now if Nord were to go thru with the buy out, an offer of $1 per share would equal about $6 per barrel. At $9 per barrel, which most buyout are at, would be $1.52 per share.....that's probably the most accurate price for the buy out. You gotta give some room for the buy out people to make some money. You can't expect top dollar, but if a buy out at $12 per barrel, that would be about $2 per share......these figures are based on just 40 M barrels of the 48 M barrel becasue you can't use the complete probable barrel figure. You have to give some room for incase it's not that much on the probable barrels to be fair.....so PR is coming on that next week.....OTCBB listing could be delayed....depends on the OTCBB people becasue Nord has been on top of all their filings.....looking incredible going into next week! [/QB][/QUOTE]
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